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The below table is the Reserve Bank of Australia's (RBA) current cash rate and changes over the last year.
The RBA decides on a monthly basis whether to change the cash rate, their decision is made in order to assist the economy (to help it speed up or slow down) to meet an overall economic benchmark set each year. Speak to one of our qualified brokers today to see what the most suitable option is for you.
| Effective Date | Change in cash rate Percentage points |
New cash rate target Per cent |
|
|---|---|---|---|
| 3 Mar 2010 | +0.25 | 4.00 | |
| 2 Dec 2009 | +0.25 | 3.75 | |
| 4 Nov 2009 | +0.25 | 3.50 | |
| 7 Oct 2009 | +0.25 | 3.25 | |
| 8 Apr 2009 | -0.25 | 3.00 | |
| Source: http://www.rba.gov.au/statistics/cash-rate.html | Retrieved: 12:25:38pm 03-03-2010 | |||
Click on the link below to view free property valuation reports - updated monthly.
Herron Todd and White - Property Valuation ReportsAll news articles
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With the threat of interest rate rises looming month after month, talk of the Reserve Bank moving the cash rate and with the banks taking the unprecedented stand of moving rates outside of the Reserve Banks review process, has many borrowers considering whether they should be fixing their interest rates.
Read moreAll brokers with The Lending Shop are members with MFAA - The Lending Shop is proudly operated by the Australian Loan Company Ltd.
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